Deed of Settlement and Release (Pro Debtor)

A Deed of Release is a legal document, also known as a deed of settlement, it refers to a legal document that eliminates a claim previously made on an asset. It helps with the documentation of release from a mandatory agreement. The deed may be included when a debtor receives the title of a property from the lender upon satisfactory completion of mortgage payments. The goal of a deed of release is to release the parties from past obligations.